The policies and restrictions should not be relaxed, ad loans should be provided to farmers who want to buy land for cultivation. Tis will help all people involved, a the farmers would work hard to pay for the land and the land owners can benefit from the produce of the land. Te economic viability of the country is very low, te market rates and the concessional rates have a huge difference because of the middle-men involved. Tis leads to the poor families getting higher interest rates. Tese farmers should able to get concessional interest rates from the institutions.
I would be better to diminish the interference in the management of credit institutions by the government and give them more autonomy to carry out their functioning. Hnumantha Rao p: 38)In East Asia, te agriculture sector was underutilized because of it being a communist region but when communism was diminished the output increased. I India, uilization of the space and capital has been more efficient when compared to other countries in Asia. Idia never tried to make the terms of disadvantageous for agriculture like the other nations.
Ater the introduction of liberalization, Idia has received much more private investment. Tis improvement in terms of trade was because the protection policy was brought down and the domestic policy raised the support prices for wheat and rice. Hnumantha Rao p: 58)There was a decline in the public sector capital formation for agriculture due to many causes, sme of them being the rising cost of construction, te decay of the resource base of the states because of the rise in the subsidies to the farms.
Een after this the output increased because of better utilization of the resources and enforcing the green revolution in areas which had not yet adopted the policy. Te use of fertilizers has enabled the output of crops to double and grow like never before. Te country has spread most of its technology to the areas where the monsoon hits, ad if in case it doesn’t the country will face shortage of food grains. Hnumantha Rao p: 60)One important thing to consider in terms of investment is when the government does not invest in something it deters private investment as well.
I the government starts to invest in something it will attract private investors. Te adoption of new technology also attracts private investment. I India, w have experienced the continuous rise in private...
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